Group 1 - Lithium stocks showed strong performance in early trading, with Tianqi Lithium rising by 15.15% to HKD 51.75 and Ganfeng Lithium increasing by 11.36% to HKD 48.04 [1] - U.S. Energy Secretary Chris Wright announced that the U.S. government will hold a small stake in Lithium Americas, leading to a surge of over 40% in the company's stock price in after-hours trading [1] - Lithium Americas is developing the Thacker Pass lithium project in Nevada, which is one of the largest known lithium deposits in the U.S., with the first phase expected to be operational by the end of 2027 [1] Group 2 - Current supply and demand for lithium carbonate are both increasing, with weekly production reaching new highs and strong seasonal demand driven by energy storage [1] - Social inventory has slightly decreased, and smelter inventory is shifting towards downstream sectors, indicating continued replenishment in the downstream market [1] - The fundamentals are improving marginally, suggesting limited downside potential, with a strong market outlook and attention on policies to prevent excessive competition [1]